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ICAN ambassador advocates interest free microfinance loan for artisans

By Providence Obuh

The Institute of Chartered Accountants of Nigeria (ICAN) Political Ambassador, Hon. Odeneye  Olusegun, has urged the Federal Government to introduce interest free loan scheme in microfinance scheme for young graduates who are into vocations through the establishment of Graduate Internship Scheme (GIS) .

Odeneye who is representing Ijebu Central Federal Constituency, comprising of Ijebu Ode, Odogbolu and Ijebu North-East, made the call when he was honoured by ICAN as its political Ambassador.

Hon Odeneye said that if a micro finance scheme is set up to give interest free loan to unemployed youths who are into vocations such as vulcanisers, shoemakers, automobile mechanics, hairdressers, barbers, tailors and caterers and those who want to venture into agriculture and farming, among others would reduce restiveness and other social crimes in the country.

According to him, “This will curb the rising wave of unemployment among youths. Government alone cannot tackle unemployment in the country because there are various degree of unemployment.

“We have people who are retrenched but are still able to work, we have graduates that are educated but nowhere to work, we have those who are into vocational training but have no financial backing to purchase working tools.” He stated that in his own little way of giving back to the society, he has consistently organised life changing empowerment programme that has changed the lives of over 1000 youths in his political constituency.

“We have trained people in various vocational skills and after their graduation, we empowered them.   Some of them were well trained for over 18 months in tailoring, barbing and hairdressing, among others,” he said.

Meanwhile, the ICAN Political Ambassador is an honour in recognition of distinguished individuals for their positive contributions  to societal accounting development in their political spheres.

Responding to the ICAN honour, Odeneye said that he was delighted with the honour as it shows that there are some organisation such as ICAN that still notice hard work, dedication and honesty which he stands for, saying, “trust and accountability as well as probity is gradually becoming the missing link in our society which led to the increase in corruption that is now destroying the development of humanity,” he said.



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